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Classic car prices on the up: Jaguar D-type sells for £3 million
Thu, 06 Feb 2014Classic car prices seem to be ever-rising, with historic models becoming an investment to rival buying property or gambling on the stock market. The inaugural RM Auctions Paris sale this week was a case in point, and resulted in nearly £15 million’s worth of the world’s rarest and most exotic cars going under the hammer. Four cars alone went for in excess of £1 million, and a Jaguar D-type sold for three times that amount.
Lexus LF-Ch preview
Wed, 02 Sep 2009Following on from a front three-quarter sketch released to the press last week, Lexus has given us a good view of its Premium Compact Concept from the rear - along with its proper name: LF-Ch. Equipped with Lexus's Hybrid Drive system, this BMW 1 Series rival will be able to run on both electric and gasoline when it goes on sale in 2010. The car's full volumes, raked-back windscreen and aggressive new variation on Lexus's corporate nose are visible from the sketch, while the new rear image confirms that the newcomer will combine the looks of a coupe with the practicality of four doors.
News watch June 2012: today's auto industry news
Fri, 29 Jun 2012Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Friday 29 June 2012• As predicted, BMW and Toyota today announced the next stage of their cooperation to jointly develop powertrains, lightweight technologies, fuel-cells and future platforms (BMW and Toyota)• Today's announcement follows the initial agreement signed in December 2011; in March 2012, BMW and Toyota signed a binding agreement to work together on lithium-ion battery research and for Munich to supply Toyota with diesel engines from 2014 • Now Toyota and BMW have signed a memorandum of understanding to cooperate on the electrification of car powertrains, research into lightweight technologies, develop fuel-cells and to consider future vehicle architectures – 'for a sports car, for example'• Renault will cut 300 jobs at its Flins plant near Paris, it announced today. The factory builds the Clio and is preparing for the new Zoe ZE too (Automotive News Europe)• Ford has warned its pre-tax operating profit in the second quarter will be 'substantially lower' than before.